Adrienne Aguilar, Greeley Office
Thank you for visiting my website! I am ready to assist you with any of your real estate needs. My approach is customized for each client…..my solutions are never “one-size-fits-all”.
Please take some time to look at the information I’ve provided for you as well as view listings and market statistics. Then…give me a call or send me an email if you have any questions, if you need more information about purchasing a home, are ready to visit some homes or to schedule a free home selling consultation.
I look forward to working with you!!
In This Issue:
Who's buying homes these days?
An interesting read from Realtor.com
is this article with a ton of great information on today's buyer. They dug up some great statistics (just in time for World Statistics Day, which was Oct. 20th) on buying trends, as well as other statistical information about what the typical home buyer looks like in today's market place. Be sure to check it out, there are some interesting figures published here!
6 smarter ways to organize your kitchen
There's a crisp feeling in the air, the beautiful autumn leaves are falling, and everything is pumpkin-themed as far as you can see. Ahh, yes, fall is here.
And with that comes some very important choices for this holiday season -- where you choose to spend the holidays enjoying a nice meal with the company of family or friends. And if you're the lucky one of the bunch who gets to host the occasion, your kitchen might start to feel just a LITTLE cramped as you prep for extra guests along the way. This article from RealSimple
can help arm you with some tips to better organize your kitchen for these upcoming busy occasions. And if you're short on space in the coming weeks, you definitely want to make sure your kitchen is primed and ready for the extra mess and clean up duties.
Sometimes planning and preparing is all you need to execute the perfect holiday get together!
Northern Colorado Economic Snapshot
Units Listed - Single Family & Attached Dwelling
YTD* Units Sold - Single Family & Attached Dwelling
Source: Ires, LLC | *YTD represents through the month of September
Millennials currently make up the largest consumer group according to recent national statistics. Thankfully, real estate purchases are on the horizon for many of them, although there are obstacles to be overcome.
Large numbers are graduating from college with high student loan payments, low employment prospects and they are too independent to easily move back in to the parental family home.
Tight inventories of affordable homes to buy present an obstacle on one side. Skyrocketing rental costs are hemming them in on another side. The real estate industry will need to find and present the happy medium that makes home ownership the most attractive option for this tech savvy generation.
In the meantime, what alternatives are available to resolve the immediate housing needs short of roommates or roommates you call Mom and Dad?
One possible temporary solution might be found in a Tiny House.
A Tiny House refers to a structure of 400 square feet or less that has all the amenities and less of the costs of traditional single family housing. While the first exposure to a Tiny House may put you in mind of a backyard playhouse, these Tiny Houses do the hard work of full sized homes.
A Tiny House isn’t simply a miniature version of a traditional home. Neither are they an RV with a traditional house façade, though some of them are built on mobile platforms. They are an uncommon and quite interesting living experience that lend themselves beautifully to the personality of the souls that occupy them.
Alas, as Tiny Houses are not marketed like traditional homes in Northern Colorado, the 1,102 houses that sold and closed this past month were all full sized. Comparisons to last year’s number of 985 sold and closed at this time expresses that rebounding market place which is still gaining steam.
It is our contention that the average days on market of 69 is more a reflection of inventory levels than consumer demand factors. Days on market will no doubt increase as we come into the fall and winter seasons, as we already are receiving reports of slowing showing schedules.
Median sale prices in Northern Colorado in September of $273,500 were up from 2014, while active listings available of 1,872 reflect less than a 6 month inventory supply.
Out of the 7.3 billion people on the planet, there are 75.3 million consumers identified as millennials with 93% of them declaring they want to own their own full sized home one day. That’s good news, as sales numbers are slightly down overall in spite of national economic growth being up 3.7%.
But are the low numbers due to homes not selling? Or is it due to the low number of homes available on the market to be purchased? While home prices have risen, homeowners’ resistance to selling indicates they haven’t yet risen enough to inspire a rush to market.
Hopefully, as those homeowners begin to trust the rebounding market numbers we will see more homes go up for sale. Those sale prices and market times will provide a clearer picture of the actual real estate market.
Thankfully new home builders have begun to see the trend and are responding, but the new home market is still lagging in relation to the demand for more housing.
Mortgage rates remain virtually unchanged thanks to the Fed holding them steady; however, all indications are that those increases will be implemented at some point in the not too distant future.
All in all this is NOT a scary real estate market for buyers or for sellers!
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